Cash Advance Yes Programs

Cash Advance – Yes! Programs


 

Cash Advance Yes

 

 

 

 

 

 

“FUNDING PROGRAMS FOR EVERY NEED

 

 

 S T A R T E R   P R O G R A M 

Description: The Starter Program is for merchants that do not meet the requirements of a Standard Cash advance.  The advance is paid back through a holdback % on the merchant’s credit card sales.

 

TERMS:

Advances up to 60% of monthly credit card sales

Maximum funding amount is $10,000

Advances with 2-4 month terms


 

GUIDELINES:

•    Average processing volume over $8,000 monthly in credit card sales

•    Merchant will receive 25% of Monthly  Processing Average

•    Maximum Funding Amount: $10,000

•    Factor Rate: 1.39%

•    Holdback: 25%

 

REQUIREMENTS:

•    Minimum 20 transactions per month

•    Owned and Operated Over 6 Months

•    Credit Score: Non issue

•    Personal Credit Weak

•    Possible Site inspection

•    Must Change Processing

 

COMPENSATION:

Commissions:

• Commissions on New Deals: 6% of Funded (4% upfront / 2% as paid)

• Commissions on Renewal: 4% of Funded.

All upfront Credit Card Processing Residuals:

• 50% of the residuals

 

DISQUALIFIERS:

•    Open BK

•    Current Cash Advance Balance

•    Late on rent

 

 

 S T A N D A R D   C A S H   A D V A N C E 

Description:  This is our standard merchant cash advance for businesses that accept credit cards. The advance is paid back through a holdback % on the merchant’s credit card sales.

TERMS:

  • Advances up to 125% of monthly credit card sales. Advances with 6-10 month terms.

REQUIREMENTS:

  • Processing over $4,000 per month in credit card sales
  • Owned and operated for at least 9 months
  • Minimum of 10 credit card transactions per month
  • Personal credit requirement = Average

 

 

 M I C R O L A N   P R O G R A M   (ACH only) 

Description: This program is for merchants that either do not accept credit cards, or do very little in credit card sales, or merchants that cannot provide split funding on their credit card sales. The advance is paid back through weekly ACH payments.

TERMS:

  • Advance range between 30-60% of gross sales
  • Advances with 6-10 month terms.

REQUIREMENTS:

  • Minimum of $10,000 in bank deposits per month
  • Owned and operated for at least 12 months
  • Clean bank statements with consistent cash flow
  • Personal credit requirement = Good

 

 

 H Y B R I D   P R O G R A M 

Description: This product is a combination of our standard cash advance and our ACH deal. The advance is paid back through a combination of a holdback % on the merchant’s credit card sales and a weekly ACH payment.

TERMS:

  • Advances range between 30-60% of gross sales
  • Advances with 6-10 month terms

REQUIREMENTS:

  • Processing over $1,000 per month in credit card sales
  • Minimum of $10,000 in bank deposits per month
  • Owned and operated for at least 9 months
  • Clean bank statements with consistent cash flow
  • Personal credit requirement = Average

 

 

 P L A T I N U M   P R O G R A M 

Description: This program is for high quality merchants. The advance is paid back through a holdback % on the merchant’s credit card sales or weekly ACH payments.

TERMS:

  • Advances up to 175% of monthly credit card sales
  • Advances with 12 month terms
  • Low factor rates (1.25-1.29)

REQUIREMENTS:

  • Clean bank statements with consistent cash flow
  • Owned and operated over 3 years
  • Personal credit requirement = Very Good

 

 

 

HOW TO GET STARTED:

•     Call 800.464.9777 or Contact Us and ask for our Deal Cover Sheet

•     Send 4 Credit Card Statements, 1 Bank Statement and a Signed Application

•     Email to: cashadvance@maverickbankcard.com

•     Receive a Response in 24 Hours